The national government’s outstanding short- and long-term domestic securities issued as of end-February stood at more than P5.4 trillion, data from the Bureau of the Treasury showed.
As of February 29, 2020, the government has issued treasury bonds amounting to P4.92 trillion, while it has borrowed P533.54 billion in the form of treasury bills, or IOUs which will mature in a year or below.
Bulk of the government’s outstanding long-term debt as of end-February was in the form of retail treasury bonds (RTBs), which require a minimum investment of P5,000 and in multiples of P5,000 thereafter, attracting individual investors.
The outstanding RTBs as of end-February totaled to P1.82 trillion.
The second biggest chunk was in the form of benchmark bonds, or those that can be traded in the secondary market, amounting to P909.3 billion.
The third biggest type of debt issued by the national government are the 10-year bonds, with an outstanding amount of P533.3 billion as of end-February.
The Bureau of the Treasury has also issued seven-year IOUs amounting to P460.72 billion, 20-year bonds worth P420.33 billion, five-year securities with outstanding amount of P291.51 billion, 25-year paper worth P235.98 billion, and three-year debt paper worth P153.52 billion.
The government’s other outstanding long-term IOUs include the P50 billion Central Bank-Board of Liquidators bonds, P25.45 billion onshore dollar bonds, P8.65 billion Agrarian Reform bonds, P4.96 billion in premyo bonds, and the P97 million Philippine Par bonds.
Meanwhile, bulk of the treasury bills issued as of February were the 364-day IOUs, amounting to P269.59 billion.
The Bureau of Treasury also issued P142.45 billion worth of six-month securities and P121.54 billion worth of 91-day bills.
